Food Delivery Brands consolidates its finances on Oracle Cloud
The multibrand pizza restaurant operator now has a single source of financial truth across its global operations, thanks to its Oracle Cloud applications.
“Oracle EPM Cloud is a very powerful and intuitive tool that covers us with much more functional benefits than expected. Our business folks are over the moon about it.”
Business challenges
Food Delivery Brands operates quick-service and home-delivery pizza restaurants—including Telepizza, Pizza Hut, Jeno’s Pizza, and Apache Pizza—via 2,600 stores and franchises in 36 countries on four continents. Based in Spain, Food Delivery Brands is the largest non-US pizza delivery player, generating revenue from its own-store sales, royalties, and franchise licenses.
The company takes pride in its innovative mobile-ordering and delivery platforms, which deliver consistently exceptional experiences to its 500 million customers worldwide. But until recently, its back-office budgeting and financial planning systems were a patchwork of Excel spreadsheets and multiple other systems inherited from acquired brands, impeding the company’s ability to consolidate its financials groupwide and make decisions based on the latest data.
In 2019, Food Delivery Brands went to market for a cloud-based EPM (enterprise performance management) system. At the same time, the company decided to move its main on-premises enterprise resource planning (ERP) system, Oracle JD Edward EnterpriseOne, to a cloud environment.
Why Food Delivery Brands Chose Oracle
Food Delivery Brands had been using the JD Edwards application suite since 2000 to manage its key financial, supply chain, and HR processes. When considering cloud-based EPM services to complement the JD Edwards applications, the Food Delivery Brands evaluation team chose Oracle Fusion Cloud EPM, given its integration with the JD Edwards suite, which it decided to move to Oracle Cloud Infrastructure (OCI).
Faced with a global pandemic and growing competition in the pizza sector, Food Delivery Brands wanted to get running in the cloud as fast as possible in order to consolidate its financial data, automate inefficient manual processes, and hand off system maintenance, upgrades, and security to a trusted provider. The project team decided that sticking with one vendor and one cloud platform made the most sense.
Results
By implementing Oracle Cloud EPM and upgrading its Oracle JD Edwards system on Oracle Cloud Infrastructure, Food Delivery Brands now has a single source of truth for accounting, financial planning and budgeting, financial consolidation and close, cost management, and reporting. The company has financial visibility across all of its global operations, no matter the currency, in order to make more-informed business decisions.
Food Delivery Brands can now analyze and report in near real time the month-end close and profit and loss statements of every unit in its network of pizza outlets, because sales figures are entered into the single Oracle Cloud EPM user interface. The cloud application’s Smart View feature gives users a one-click interface for extracting financial data, a process that used to take many days in spreadsheets.
“For many reasons connected to the industry segment in which we operate, our capacity to react to short-term change has to be three times as fast as other companies,” says CIO Javier Mallo Sanchez. “Oracle Cloud EPM has given us that much-needed extra speed in financial analysis and time-to-market innovation.”
Food Delivery Brands also recognized that the practice of endlessly customizing on-premises applications is counterproductive and that the best-in-class features built into Oracle Cloud applications have simplified its financial accounting, consolidation, and resource planning functions. “Oracle Cloud EPM put an end to the myth that our company is so complex that we absolutely have to customize everything to the nth degree,” Mallo Sanchez says. “It costs us nothing to standardize on one platform. The result is a huge gain in efficiency.”